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AMD

Advanced Micro Devices, Inc.Close $284.49EOD only

Max Pain

$255.00

Next expiry Apr 24, 2026

Expected Move

±$13.88

4.9% from close

Price Gap

-29.49

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.05

Balanced positioning

Consensus

6.0/10

Bullish tilt

Published snapshot: Apr 21, 2026 close

End-of-day snapshot

This page reflects AMD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Apr 21, 2026 close

AMD Flow Report

Analysis based on market close April 22, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 16.7% from MP; +0.5 VIX 19

Watch next session: spot vs 297–300; GEX/dex changes; follow unusual put prints 285–300; VIX move and put/call ratio shifts

Flow Summary

Net premium: +$642.8M bullish

P/C volume ratio: 0.70

P/C OI ratio: 1.06

Bullish pinning: dealer hedges and concentrated option flow create positive gamma supporting ~297–302 area; downside guarded by large short-dated put interest but would invalidate on a swift break below 285–290 or volatility surge.

Notable Prints

AMD 2026-04-24 $295.00 Put

Vol: 12,776

OI: 139

Vol/OI: 91.9x

IV: 60.6%

Notional: ~$4.1M

Intent: aggressive put buying (short-dated hedge)

Dual read: could be large sell-to-open

Read-through: dealer hedging increases downside gamma near 295

AMD 2026-04-24 $292.50 Put

Vol: 5,693

OI: 106

Vol/OI: 53.7x

IV: 61.7%

Notional: ~$1.5M

Intent: short-dated protective buys

Dual read: or OTM put sales

Read-through: adds pin pressure ~292-295

AMD 2026-04-24 $300.00 Put

Vol: 22,488

OI: 600

Vol/OI: 37.5x

IV: 59.0%

Notional: ~$10.9M

Intent: hedge/insurance buys

Dual read: possible directional bearish sale

Read-through: concentrates downside gamma at 300

AMD 2026-05-01 $300.00 Put

Vol: 3,399

OI: 100

Vol/OI: 34.0x

IV: 60.0%

Notional: ~$3.5M

Intent: multi-day hedge

Dual read: institutional timing trade

Read-through: extends protection beyond 4/24

AMD 2026-04-24 $290.00 Put

Vol: 14,276

OI: 740

Vol/OI: 19.3x

IV: 62.5%

Notional: ~$2.9M

Intent: protective buying

Dual read: or liquidity sale

Read-through: deepens pin zone 285-300

Institutional Positioning

Call additions: Large call buys at 297.5–302.5 exp 4/24 (OI 2k/1.7k, vol-led).

Put additions: Significant short-dated put prints 285–300 exp 4/24–5/01 (heavy volume, elevated IV).

GEX/DEX consistency: GEX +$90.7M and DEX +90M shares broadly align with dealer activity but not determinative alone.

OI clusters: OI clusters: puts concentrated 285–297.5 (notable OI at 285,290,297.5); calls cluster 297.5–302.5; sustained clusters weigh heavier than isolated tickets.

Hedging evidence: Put-heavy short-dated activity suggests dealer hedging/collars into weeklies; evidence moderate given mixed ticket sizes.

Max pain context: Spot above MP; flows and GEX imply some pinning pressure potential toward ~290–298 by expiry, confidence moderate (50–70%) due to single-ticket noise and limited time-decay confirmation.

Signal vs Noise

~Signal: large short-dated put/call blocks with high vol/oi ratios near 285–302.

~Signal: GEX/DEX magnitude supports dealer pinning hedges as a plausible outcome.

~Noise: single-ticket prints with low OI vs sustained clusters reduce certainty.

Key Conclusions

📌Flow and GEX/DEX point to potential dealer-driven pinning into 4/24, confidence moderate.

⚠️Elevated short-dated put volume and IV imply skewed tail risk; manage downside exposure.

How to Use These Reports

This flow reflects the market close on April 22, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.